Fonterra opens innovation centre

FONTERRA has opened a $US60 million Asian innovation centre in Singapore that aims to foster new menu ideas and recipes for bakeries and casual dining channels in Singapore and across Asia.

The Singaporean hotel and restaurant industry is worth around $S3.5 billion each year, according to the NZ dairy company, and the growing popularity of Western food across the region makes it a lucrative market.

Fonterra plans to open similar centres in other major centres as part of its strategy in ready-to-use and dairy-related products.

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